RBC Capital Downgrades CarParts.com to Sector Perform, Lowers Price Target to $1.3
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has downgraded CarParts.com (NASDAQ:PRTS) from Outperform to Sector Perform and lowered its price target from $2 to $1.3.
July 31, 2024 | 12:45 pm
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RBC Capital has downgraded CarParts.com from Outperform to Sector Perform and reduced the price target from $2 to $1.3, indicating a less optimistic outlook for the stock.
The downgrade from Outperform to Sector Perform and the significant reduction in the price target from $2 to $1.3 by RBC Capital suggests a less favorable view of CarParts.com's future performance. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100